Exploring Economics 2017 Lectures

Steve Keen
ProfSteveKeen, 2017
Level: schwer
Perspektiven: Ökologische Ökonomik, Postkeynesianismus
Thema: Makroökonomik, Geld & Schulden
Format: Vortrag / Vorlesung
Dauer: 09:00:00
Link: https://www.youtube.com/watch?v=tL-5wpiFuJE&list=PLqs7-zw9kiALJxBfqzAdJiQbnnwwUKvor

The lectures were given by Steve Keen at the Exploring Economics Summer Academy 2017 in the workshop on Post-Keynesian Economics.

The first lectures start with the role of money in a monetary economy and explain the macroeconomic significance of admitting the reality that banks create money. The lectures continue with Minsky's Financial Instability Hypothesis and show how to model it. Lecture 3 explains that "the Physiocrats were the only school of thought to be consistent with the Laws of Thermodynamics in their model of production”, and derives a production function in which energy plays an essential role. The last lecture shows "that the Labour Theory of Value is incompatible with the Laws of Thermodynamics and is therefore fundamentally false. This Theory is also incompatible with Marx's dialectical philosophy, which is consistent with the Laws of Thermodynamics and with the philosophy of organicism that Winslow argued underlay Keynes's approach to economics”. Steve Keen shows that this philosophy can provide a coherent and structured approach to building a realistic new political economy.

Lecture 1 - Bank Originated Money and Debt I

Lecture 2 - Bank Originated Money and Debt II

Lecture 3 - Minsky's Financial Instability Hypothesis

Lecture 4 - Modelling Minsky's Financial Instability Hypothesis

Lecture 5 - Making economics consistent with thermodynamics

Lecture 6 - A theory of value for a new political economy.

Go to: Exploring Economics 2017 Lectures

Tags: banks | dialectics | financial instability hypothesis | labour theory of value | macroeconomics | Marx | modelling | monetary theory | money | money creation | thermodynamics
This course introduces students to political economy and the history of economic thought. We will cover the core ideas in various schools of economic thought, positioning them in the historical and institutional context in which they were developed. In particular, we will cover some economic ideas from the ancient world and the middle ages; the enlightenment; the emergence of and main ideas in classical political economy (Adam Smith, David Ricardo, Thomas Malthus, and others); Marx, Mill, and Keynes; European versus American economic thought through history; the rise of mathematical economics; economic theories around state-managed economies versus socialism; Austrian economics; behavioral economics; and the future of economics. 2020 Level: leicht Political Economy and the History of Economic Thought Alyssa Schneebaum Vienna University of Economics and Business The background for the present elaboration is twofold: firstly, the ongoing debate about whether the Marxian theory of value has been damaged (or even destroyed) by the alleged impossibility of solving the ‘transformation problem’ and secondly, the fact that almost all of the (later) economic manuscripts of Marx are now … 2020 Level: mittel A value-theoretic approach to economic dynamics and evolution—synthesizing different Marxian modules in a simulation model Frank Beckenbach Review of Evolutionary Political Economy What data is used in the economic models of the IPCC? How problematic is it, that tipping points are often ignored? A very interesting presentation by Steve Keen during the OECD Conference "Averting Systemic Collapse". 2019 Level: leicht Averting Systemic Collapse Steve Keen ZOE. Institute for future-fit economies Faut-il donner un prix à la nature pour la protéger des impacts de l’activité humaine ? L'économiste écologique Aurore Lalucq revient sur cette question fondamentale et distingue monétarisation, marchandisation et financiarisation. Selon elle, ces trois concepts prennent place dans des situations totalement différentes et ne suivent pas les mêmes logiques. 2015 Level: mittel Faut-il donner un prix à la Nature ? Mediapart, Aurore Lalucq YouTube In diesem Beitrag diskutiert Ingo Stützle die Modern Monetary Theory (MMT) kritisch aus einer an Marx orientierten Ökonomiekritik. Dabei wird argumentiert, dass die MMT zwar wichtige Fragen aufwirft, aber weder einen adäquaten Begriff von Geld noch von Kapitalismus hat, was mitunter zu Fehlschlüssen führt. Dabei ist der wesentliche Punkt, dass die MMT auf der Basis eines falschen Verständnisses von Geld die notwendige Begrenztheit staatlicher Verfügungs- und Gestaltungsmacht im Kapitalismus nicht versteht. 2024 Level: mittel Eine Kritik der Modern Monetary Theory als geldtheoretisches Konzept Ingo Stützle Exploring Economics

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